ยง412:5-303 - Loans to executive officers, directors, principal shareholders and affiliates.
ยง412:5-303ย Loans to executive officers,directors, principal shareholders and affiliates.ย No bank shall make anyloan or extension of credit in violation of section 18(j) of the FederalDeposit Insurance Act, 12 U.S.C. ยง1828(j) or, if the bank is a member of theFederal Reserve System, in violation of sections 22(g), 22(h), 23A or 23B ofthe Federal Reserve Act, 12 U.S.C. ยงยง375a, 375b, 371c and 371c-1. [L1993, c 350, pt of ยง1]